The European UMTS/IMT-2000 License Auctions

We survey the recent European UMTS license auctions and compare their outcomes with the predictions of a simple model that emphasizes future market structure as a main determinant of valuations for licenses. Since the main goal of most spectrum allocation procedures is economic efficiency, and since consumers (who are affected by the ensuing market structure) do not participate at the auction stage, good designs must alleviate the asymmetry among incumbents and potential entrants by actively encouraging entry.

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Year of publication:	2001-04-05
Authors:	Jehiel, Phillipe ; Moldovanu, Benny
Institutions:	Sonderforschungsbereich 504 "Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung", Abteilung für Volkswirtschaftslehre ; Sonderforschungsbereich 504, University of Mannheim

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Extent:	application/pdf
Series:	Sonderforschungsbereich 504 Publications.
Type of publication:	Book / Working Paper
Language:	English
Notes:	We wish to thank Larry Ausubel, Ken Binmore, Eric van Damme, Christian Ewerhart, Roman Inderst, Martin Hellwig, Paul Klemperer, Robert Rosenthal and Klaus Schmidt. The present work supplants our earlier discussion paper ”A Critique of the Planned Rules for the German UMTS/IMT-2000 License Auction”. Jehiel: CERAS-ENPC, Paris and Department of Economics, University College London. Moldovanu: University of Mannheim, Department of Economics, Seminargebäude A5, 68131 Mannheim, mold@pool.uni-mannheim.de The text is part of a series sfbmaa Number 01-20 27 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005761214